New-home sales declined more than forecast in December

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Market Forecast: Case-Shiller Home Price Index, New Home Sales, and Pending Home sales december 24, 2018; Markets will be closed tomorrow in observance of the Christmas Holiday. Last week, the Federal Open Market Committee voted to raise the Federal benchmark interest rate, as expected.

The November number was revised upward to 176,000, higher than the 155,000 previously reported. wage growth climbed from 3.1 percent year-on-year in November to 3.2 percent in December, validating the Fed’s position that tight labor market will force businesses to increase wages.

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Auto sales rose slightly in November as year-end push begins. Sales of Fiat Chrysler sedans declined more than 31 percent from November 2016, while GM saw a.

New-home sales declined more than forecast in December. The median sales price increased 2.6% year-over-year to $335,400. The supply of homes at the current sales rate rose to 5.7 months from 4.9 months; 295,000 new houses were on market at the end of December. Purchases totaled 608,000 in 2017, up from 561,000 a year earlier.

Housing off to strong start in Clark County | The Columbian – The 860 new listings reported in January are more than double the 394. The increase in pending sales from December is in keeping with normal. some declines in market activity due to the recent string of poor weather.

The numbers: New-home sales ran at. The median sales price in December was $318,600, 7% lower than a year ago. At the current pace of selling, it would take 6.6 months to exhaust available supply, – Pending home sales in the U.S. dropped more than expected in August, dampening optimism over the health of the housing sector, industry data showed on Wednesday.

New Home Sales Fall More Than Expected in April. More.. Economists polled by Reuters had forecast new home sales, which account for about 10% of housing market sales, would decrease 2.8% to a.

December New Home Sales Declined – – We had a very disappointing report on December new home sales today. New home sales declined 10 percent in December from November to a seasonally adjusted annualized rate of 536,000. That December.

The Commerce Department said new home sales declined 9.3 percent to a seasonally adjusted annual rate of 625,000 units last month. The percentage decrease was the largest since August 2016. Unseasonably cold temperatures at the end of December probably also hurt sales.

Queens home-sellers aren’t waiting for Amazon to raise prices (Bloomberg) — Home prices are climbing in Long Island City, giving buyers a taste of what they can expect in the Queens neighborhood as Inc. moves in. Sellers increased prices on about 19 percent of listings since Nov.People on the move: March 23 Freddie’s multifamily rankings show more stability than Fannie’s In Multifamily Finance, Fannie and Freddie Are Still the. – "They’re more innovative than other multifamily lenders. They have a huge commitment to the multifamily industry." Their absence would open up a gaping vacuum, especially in affordable housing, according to Morgan. "There’s a huge affordability problem, and Fannie and Freddie do a great job of providing [liquidity]," Morgan said.People on the Move 3/23/18. published on March 23, 2018 – 7:45 AM Written by The business journal staff. share this: ENGINEERING Gerald Lyles, president of Lyles United LLC and senior vice president of Lyles Diversified Inc., his family’s companies in.